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senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two ago, folks were talking about starting a tax reform, clean up the code, freeing up money to invest in things like education. nobody's talking about that anymore. you know, right now they're really struggling to figure out what to do with the tax cuts. and, you know, they're not even talking about the sequester very much anymore, which would -- you know, the tax cuts, they would hurt immediately. and everybody's taxes are going up next year if you're a wage earner one way or another because of the payroll tax holiday expiring. but there's a whole host of issues and they're not going to be able to deal w
senior economic policy reporter at "the new york times." the debt ceiling, the fiscal cliff. we keep trying to solve storms of our own making. nothing being discussed this weekend as steven just made clear. any closer to solving our long-term issues? what we are in at the moment, the reason you are on tv with me right now is this is crisis management that washington is in right now. it doesn't make any sense. >> yeah. it doesn't. and i think that if you look even a month or two...
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obama and republicans stare down the fiscal cliff deadline. >>> plus, a new worry for hundreds of american families who want to adopt. we'll tell you what is behind the controversial move by russian lawmakers. >>> and a new exposes what it calls the gun next door. is it a way to protect communities against gun violence? welcome to united states and around the world, wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> washington is a deadline-oriented city, and this coming week brings one that is a real doozy, billions in tax increases and across-the-board spending cuts take effect. it forces members of congress and president obama to spend the last few days of 2012 on the job. we want to bring in cnn chief white house correspondent, jessica yelen, we all know they would rather celebrate new year's eve elsewhere. how did they get here? >> reporter: it is such a good question, you know, candy, this grid lock in washington creates the eye-rolling. but the fundamental question goes to the essential differences between the two parties about the role of government, should
obama and republicans stare down the fiscal cliff deadline. >>> plus, a new worry for hundreds of american families who want to adopt. we'll tell you what is behind the controversial move by russian lawmakers. >>> and a new exposes what it calls the gun next door. is it a way to protect communities against gun violence? welcome to united states and around the world, wolf blitzer is off. i'm candy crowley. you're in "the situation room." >>> washington is a...
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the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders. cnn radio capitol hill correspondent lisa desjardins is in washington. good morning, lisa. you were on capitol hill yesterday for all of the political action between president obama, congressional leaders. do you think we're closer to a deal? i'm hearing optimism from the president. is that real or is that imagined? >> reporter: right. what do you say? mod deftly or moderately optimistic he said? i think it's for real. people have wanting to get to this point for even a chance at a deal. that's where we are. not a deal yet but there's a chance for a deal. now two senators being the principal negotiators. mitch mcdonaconnell and harry r.
the fiscal cliff. a fiscal cliff special coming up new year's day. i have to go to bed early. too bad. >> sorry. >>> the next hour of "cnn saturday morning" begins right now. -- captions by vitac -- www.vitac.com >>> good morning, everyone. i'm alison kosik. >> and i'm chp cristi paul. we hope this saturday's been good to you so far. >>> and hope coming from washington with negotiations going on this weekend between the two top senate leaders....
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including a behind thescopies look at the negotiations to avoid that looming fiscal cliff. plus, the ten biggest scandals of 2012. they involve some of the most well-known names in sports, politics and entertainment. >>> and what were the hottest apps of the year? well, we will tell you and reveal what app you need to watch for in 2013. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, -- captions by vitac -- or afte. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix
including a behind thescopies look at the negotiations to avoid that looming fiscal cliff. plus, the ten biggest scandals of 2012. they involve some of the most well-known names in sports, politics and entertainment. >>> and what were the hottest apps of the year? well, we will tell you and reveal what app you need to watch for in 2013. [ lisa ] my name's lisa, and chantix helped me quit. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along...
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about the fiscal cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is running out. congress does some of its best, at least the speediest work when the nation's back is against the wall. >> reporter: after a rare oval office meeting, the president said he's modestly optimistic a deal can come together, emphasis on modestly. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> reporter: all sides left in agreement, at least over their next step. >> we'll be working hard to try to see if we can get there in the next 24 hours. >> whatever we
about the fiscal cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is running out. congress...
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erin is back next week and we'll be following all of the late breaking developments on the fiscal cliff negotiations which are coming down to the wire. it's a working weekend in washington. have a great weekend and a happy new year. "anderson cooper 360" starts right now. >>> john, thanks. we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the fiscal cliff. it's a cliff that lawmakers built. they set the tuesday deadline, they knew it was coming for more than a year. but even now, they have done little to agree to a package before that time. keeping them honest, the people in this building have known what's coming on tuesday, yet they're only returning to this building to get back to work just now. senators came back yesterday. house members, well, they woet be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards, president obama said he was modestly optimistic. bypas
erin is back next week and we'll be following all of the late breaking developments on the fiscal cliff negotiations which are coming down to the wire. it's a working weekend in washington. have a great weekend and a happy new year. "anderson cooper 360" starts right now. >>> john, thanks. we begin tonight with breaking news about your paycheck, your unemployment check, your defense job, the entire economy, you name it. all of it is at stake if the country goes over the...
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all of it is at stake if the country goes over the fiscal cliff. it is a cliff that lawmakers built, they have set the tuesday deadline and knew it was coming for more than a year, but until now, even now they have done precious little to agree on taxes and spending cuts by that time. keeping them honest, the people in this building have known what is coming on tuesday, yet they're only returning to get to this building to get back to work just now. senators came back yesterday. house members? well, they wouldn't be back until sunday. this afternoon, house and senate leaders met with president obama at the white house. they talked for about an hour. afterwards president obama said he was modestly optimistic. by passing house speaker john boehner who has had trouble getting his fellow republicans to agree to anything, the president called on senate majority and minority leaders harry reid and mitch mcconnell, to lay out a deal. >> if we don't see an agreement between the two leaders and the senate, i expect a bill to go on the floor. and i have aske
all of it is at stake if the country goes over the fiscal cliff. it is a cliff that lawmakers built, they have set the tuesday deadline and knew it was coming for more than a year, but until now, even now they have done precious little to agree on taxes and spending cuts by that time. keeping them honest, the people in this building have known what is coming on tuesday, yet they're only returning to get to this building to get back to work just now. senators came back yesterday. house members?...
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street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that try to cut taxes and raise some spending, and they'll argue it from a positive point of view and stand up and say, rah-rah, look what we, did right? it won't get any worse if we go over the cliff. if there's a bandaid, it leaves complete confusion, there is no clarity, the market will probably react more negative than actually going over the cliff. i think that's what investors have to be concerned about. now, that being said, i don't think the market's going to crash by any sense. but -- i think there's a lot of money still on the streamlines that needs to be invest -- the sidelines th
street is reacting to the looming fiscal cliff. >> we've come right to the 11th hour. the -- the fact that there's going to be a substantive deal that comes out of this in the 11th hour is probably nil to zero, right? essentially in my sense, it's easier to go over the cliff. then there's clarity, right? taxes will go up, spending will get cut. the market will know what is going to happen. it can only get better from there because then you'll get legislators that come to the table, that...